Vladimír Urbánek (Kurzy.cz)
World markets  |  October 19, 2012 14:02:18

Conglomerate GE sales in 3Q narrowly fell short of market expectations


U.S. industrial conglomerate General Electric (GE) reported 3Q of this year revenue growth of 3% to a total of 36.3 mld.USD. The market in this respect, estimated to grow to 36.9 mld.USD.
Adjusted for earnings from continuous operations grew by 10% to 3.8 mld.USD = 36 cents per share, which filled the average market expectations for this indicator.
Profit after including pension and other costs grew by 49% yoy to 3.49 mld.USD = 33 cents per share.

Industrial division showed growth in 3Q profits by 11% to 3.57 mld.USD with sales at 24.8%.
Air Division sales declined by 1% to 4.78 mld.USD, a division of healthcare generated mld.USD 4.31, which was also down by 1% year on year.

The volume of infrastructure orders decreased by 5% to 21.5 mld.USD.

According to some comments 3Q this year belonged to one of the best for the last four years.
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Tržby konglomerátu GE ve 3Q těsně zaostaly za odhady trhu

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